BHP Billiton: Iron ore demand growth in China to slow in long term

In its report for the 2010-11 financial year (ended on June 30), Australian mining company BHP Billiton has stated that the strong pace of growth in demand for steelmaking raw materials, particularly in China, is expected to slow in the long term.
 
BHP Billiton stated that growth of capital investment is still seen in China, but the country's efforts to control inflation will gradually influence demand for iron ore.
 
BHP Billiton also said that, despite near-term challenges, it remains confident on the outlook for the global economy.